Facebook IPO

[winner69]

FB at $27 .... what a shocker .... the greedy ones will say 'a well timed float'

I see Groupon is living up to its business model .... latest daily deal is 50% off (the IPO price)

[Stranger_Danger]

I'm actually very very interested in getting some FB shares. The IPO reminds me a bit of when Google listed - although their book build was pessimistic right out of the traps. The thing is that what Facebook is today is not what it will be tomorrow - same as Google. FB is far more than what it appears - it is not just a social network where people post a bunch of rubbish. Its replacing email as a primary means of communicating with friends and family, its becoming the primary means of connecting businesses directly with their customers, and even more importantly, its becoming the default identity verification and authentication provider of the Internet (which is where the truly big $$$ is going to come from). I see their revenue model as not being based around advertising in the future, but from charging businesses for their commercial pages, and consumers/businesses for identity services.

Any one else with an interest in revolutionary internet technology shifts got any views?

Yes, I'm interested. If there was no major change in fundamentals, I would allocate a decent part of my portfolio at $15 a share.

I have no issue with the business or the management - just the valuation. Still.

[Stranger_Danger]

Down to $24 after the bell.

Next 2 weeks will be interesting for FB.

Disc : None at this stage.

[winner69]

Down to $24 after the bell.

Next 2 weeks will be interesting for FB.

Disc : None at this stage.

Still declining .... stranger danger still waiting i hope .... or has this been the biggest con of all time

[CJ]

The first of the post IPO lockups has just ended. I think an even bigger lockup ends in November. Expect more pressure on the price.

ONly once the lockups are all over will will see a true picture emerge.

[winner69]

from the SMH

Here's are the closing prices each week since the first day of trading on May 18:

_ May 25: Closed at $31.91, down 17 percent for the week.

_ June 1: Closed at $27.72, down 13 percent for the week.

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_ June 8: Closed at $27.10, down 2.2 percent for the week.

_ June 15: Closed at $30.01, up 11 percent for the week.

_ June 22: Closed at $33.05, up 10 percent for the week.

_ June 29: Closed at $31.09, down 5.9 percent for the week.

_ July 6: Closed at $31.73, up 2.1 percent for the week.

_ July 13: Closed at $30.72, down 3.2 percent for the week.

_ July 20: Closed at $28.76, down 6.4 percent for the week.

_ July 27: Closed at $23.71, down 18 percent for the week.

_ Aug. 3: Closed at $21.09, down 11 percent for the week.

_ Aug. 10: Closed at $21.81, up 3.4 percent for the week.

_ Aug. 17: Closed at $19.05, down 13 percent for the week.

[Entrep]

That plus the amount of data they have on their users is amazing.

Only this is people don't need FB - someone could come along with a better site I believe.

For example, with Google, you could say the same thing, but they are so far ahead I don't think it will happen.

FB is still just entertainment whereas Google is a tool everyone needs.

[CJ]

One thing I've learned with the Internet is that once these companies have critical mass, they are extremely hard to dislodge. EBay, Amazon, Google, LinkedIn - they will be next to impossible to displace (assuming they continue to innovate and add new features rather than doing nothing for 8 years like Hotmail and MySpace).

Lots of people use to use internet explorer (use to have over 90% market sahre and only has its current market share as it is preloaded on all windows computers) to log into AOL, do a search using Altvista or Yahoo, social network on myspace. Bebo was popular a few years ago and could still be now???

They only stay around as long as they keep innovating.

Just off to check my Blackberry - oops I replaced that with an iPhone - but should I get the new iPhone 5 when it comes out or are the new Androids looking better?

[winner69]

Still has a bit of a way to go catch Groupon but then Groupon has been losing money for investors for nearly a year now

What a disaster these IPOs have been .... the world is still a silly place eh

[Entrep]

Dont forget Zynga

FB might be a buy once all those escrowed shares come online and can be sold. November is when most of them can be sold I think. Wait around and see if the SP tanks and be there to pick up the pieces.